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Home construction lending is a little different than regular mortgage financing.

  1. First: you will need a home construction line of credit that will used to pay subcontractors and suppliers who perform work and provide supplies.

    The line will have available funds released
    to you during the construction phases of the
    project.

  2. Second: at the end of the construction project,
    you will use a residential mortgage to pay off the construction line.
More information:

about home construction financing
getting qualified for financing
submitting your application

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